The Samsung Galaxy S3 has taken the smartphone market by storm; it has become the bestselling smartphone at both Verizon and AT&T, and latest reports state that the device has already sold more than 10 million units more than a week earlier than predicted.

Earlier predictions by Samsung's chief executive had said that the Samsung Galaxy S3 would exceed the 10 million sales mark by the end of July, however, with more than a week of the month to go it seems sales have already stormed past that significant milestone.

The President of Samsung's information technology and mobile communication division, Shin Jong-kyun, has announced that the company's latest smartphone has already surpassed the 10 million mark. However, the division president did not go further to specify exactly how many units had been sold so far, Yonhap news agency has reported.

Across the globe cell phone carriers have found it difficult to keep up with demand for the next generation Galaxy S device. In the United States Sprint was forced to delay its release date for the device after unexpected levels of demand were experienced.

Across the Unites States the device has launched on the four major nationwide carriers; AT&T, Sprint, T-Mobile and Verizon, and has become an instant bestseller. Since the device's launch nearly 200,000 units have been sold across the globe every single day on average.

The highly sought-after smartphone has been released in Marble White and Pebble Blue, and also more recently on AT&T in a Garnet Red. Other color variants are expected to be released in the coming months.

The massive success of the Android-powered Samsung Galaxy S3 has shocked most analysts and has even sparked rumors that Apple is thinking to bring the release date of its next generation smartphone, the iPhone 5, forward. It was initially believed the smartphone would be released in October, but lately rumors have suggested an August of September launch is more likely, as Apple looks to counter the huge success of its greatest rival in the smartphone market.